Arvind SmartSpaces Ltd. Bullish Momentum
Seems a good bet for momentum trading
Broke previous resistance, Volume started building
RSI below at 67%
This counter could reach 748, 756 , 761 . Can deploy 10% capital at current price and a dip towards 730 can buy more.
Maintain stop loss of 718 on daily closing basis.
Strength
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Company with high TTM EPS Growth
• Strong Annual EPS Growth
• Good quarterly growth in the recent results
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
• Company with Low Debt
• Increasing Revenue every quarter for the past 3 quarters
• Increasing profits every quarter for the past 3 quarters
• Annual Net Profits improving for last 2 years
• Book Value per share Improving for last 2 years
• Company with Zero Promoter Pledge
• FII / FPI or Institutions increasing their shareholding
• Near 52 Week High
Weakness
• MFs decreased their shareholding last quarter.
Opportunities
• Positive Breakout Third Resistance ( LTP > R3)
• Highest Recovery from 52 Week Low
• High Volume, High Gain
Threats
• Promoter decreasing their shareholding
• High PE (PE > 40)
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3AARVSMART
View is for Study purpose not from sebi registered research analyst.
Broke previous resistance, Volume started building
RSI below at 67%
This counter could reach 748, 756 , 761 . Can deploy 10% capital at current price and a dip towards 730 can buy more.
Maintain stop loss of 718 on daily closing basis.
Strength
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Company with high TTM EPS Growth
• Strong Annual EPS Growth
• Good quarterly growth in the recent results
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
• Company with Low Debt
• Increasing Revenue every quarter for the past 3 quarters
• Increasing profits every quarter for the past 3 quarters
• Annual Net Profits improving for last 2 years
• Book Value per share Improving for last 2 years
• Company with Zero Promoter Pledge
• FII / FPI or Institutions increasing their shareholding
• Near 52 Week High
Weakness
• MFs decreased their shareholding last quarter.
Opportunities
• Positive Breakout Third Resistance ( LTP > R3)
• Highest Recovery from 52 Week Low
• High Volume, High Gain
Threats
• Promoter decreasing their shareholding
• High PE (PE > 40)
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3AARVSMART
View is for Study purpose not from sebi registered research analyst.
Trade closed: stop reached
Trade closed: target reached
after hitting target hit sl
Ashik B
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instagram.com/finvest4u/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.